HANOI — The Ministry of Industry and Trade has issued a new circular on temporary import for re-export and temporary export for re-import, which will take effect from September 11. Under Circular 11/2017/TT-BCT, temporary import and re-export must be conducted at international and major border gates. Re-exporting through small border gates or border crossings is only […]
Read MoreMANILA, Philippines – Foreign direct investment (FDI) inflows into the Philippines jumped 57 percent to $572 million in May from $364 milion a year ago as the country’s strong macroeconomic fundamentals continued to buoy investor confidence, according to the Bangko Sentral ng Pilipinas (BSP). “This was driven by the continued positive outlook on the Philippine […]
Read MoreNON-OIL domestic exports (NODX) continued to grow year on year in the second quarter but the pace slowed sharply from 15.3 per cent in the first quarter to 2.7 per cent. Total trade growth similarly eased from 16.4 per cent to 9.5 per cent according to the latest trade data released by trade promotion agency […]
Read MoreTEMPO.CO, Jakarta – Ari Kuncoro, Economy and Business Faculty Dean at the University of Indonesia, appreciates that the government has managed to achieve 5 percent economic growth. However, he said that it would be rather difficult to meet 5.2 percent economic growth set in the revised 2017 state budget (APBN-P). “I foresee a maximum of 5.1 percent growth this year,” he said yesterday, August 10. Ari explained that the economy will come to a standstill since one of the driving forces for […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures rose to their highest level in over a week on Thursday evening on expectations of soyoil gains, despite the earlier release of bearish industry data. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 1.3 percent to 2,663 ringgit ($620.75) on Thursday evening. It earlier climbed to […]
Read MoreSINGAPORE’S services sector showed signs of improvement in the second quarter, while manufacturing continues to be the star performer, although growth came at a slower pace, according to the latest data released by the Ministry of Trade and Industry on Friday morning. The services sector expanded by 2.4 per cent in the second quarter compared […]
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